El Lago Real Estate Market Sees Sales Decline

The El Lago remained below its 12-month average sales volume this week as sales fell 20.0% to hit four homes sold over the last 30 days. Within the same time frame, Houston had 1,731 sales, the most of all cities in the area. The median sales price rose to $221,250 over the latest reporting period for El Lago, up from $215,000. In spite of the decrease in sales, a low two months of inventory signals that El Lago is a definite seller's market.

If you're looking for a more established home, then be sure to see these listings in El Lago that were built before most others in the market:

$272K   $349K   $159K  

Get started right now by checking out El Lago homes for sale or reviewing El Lago real estate trends.

Demographic facts for El Lago:

  • The total number of vacant homes in the area is 12.7%.
  • The area gets an average of 202 sunny days each year. (U.S. average: 205)
  • Job market growth came in at 1.93% last year.
  • For every librarian there are 760 students in this area. (803 = national average)

Data reported through 10/12/2016

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